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Timothy plans on saving, starting with the $50 he received for his birthday. He is pretty sure he can continue to contribute $50 per month to help the account grow. Which formula should he use to calculate
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Timothy plans on saving, starting with the $50 he received for his birthday. He is pretty sure he can continue to contribute $50 per month to help the account grow. Which formula should he use to calculate the future value?

User Konrad Talik
by
5.4k points

1 Answer

3 votes
future value can be v
months is m
v=50+50(m)
User Panchicore
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